by our College Data Analytics TeamHere you will find what students actually borrow to attend Ohio Medical Career College: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. These figures are reported by the Department of Education and IPEDS.
Among first-year students at Ohio Medical Career College, 75% of first-year students take on loan debt, with a typical loan of $7,223 apiece. This figure includes both private and federally funded student loans.
The average federal loan is $7,223. This meets or exceeds the $5,500 cap on first-year federal borrowing for the typical dependent freshman. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Looking at all undergraduates at Ohio Medical Career College, freshmen included, 68% rely on federal student loans toward their education, borrowing on average $7,456 annually. That amounts to 3.2% above the $7,223 borrowed by freshmen.
Repeating that yearly amount projects to about $14,912 across two years and $29,824 after four. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 68% |
| Average federal loan per year | $7,456 |
| Undergraduates with a federal loan | 182 |
| Total federal loans (one year) | $1,357,075 |
The median student at Ohio Medical Career College borrows $12,402 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $12,402 |
| Students who completed (graduates) | $12,403 |
| Students who withdrew | $11,294 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Ohio Medical Career College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,668 |
| 25th percentile | $8,248 |
| 75th percentile | $13,125 |
| 90th percentile (highest-debt students) | $15,050 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Ohio Medical Career College.
The indicators below describe what the typical debt costs to pay back at Ohio Medical Career College.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $12,402 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Ohio Medical Career College.
The Difference Between Subsidized and Unsubsidized Loans
With an unsubsidized loan, interest starts adding up the day the loan is disbursed, including during school. Subsidized loans, by contrast, do not accrue interest while you are enrolled at least half-time, which makes them the less expensive option when you qualify.
Important to Remember
Declaring bankruptcy does not erase federal student loan debt. If you stop paying, the federal government can garnish a portion of your wages until the loans are repaid.
References
More about our data sources and methodologies.